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National Monetisation Pipeline 2.0: How India aims to monetise ₹16.72 lakh crore via GAIL, Coal India, AAINMP 2.0 proposes partial disinvestment in PSUs like GAIL, Coal India, AAI, and hotel redevelopment to boost infrastructure and attract private investment.By Sapna Das   |  Anshul  February 24, 2026, 10:04:27 AM IST (Updated)2 Min ReadThe government has proposed partial disinvestment and equity sales by public sector undertakings (PSUs) as part of its new ₹16.72 lakh crore National Monetisation Pipeline 2.0 (NMP 2.0), which spans FY2026 to FY2030.

Under the plan, the government expects a GAIL Gas IPO in FY28, following the sale of GAIL’s stakes in city gas distribution companies. Coal India is also set to dilute holdings in its subsidiaries, targeting ₹48,350 crore through partial equity sales.

Other major proposals include:

Power sector CPSEs: Step-down subsidiaries of power sector PSUs will undergo equity dilution, aiming to raise ₹31,000 crore through IPOs/FPOs by 2030.

Airports Authority of India (AAI): Stake sales in one subsidiary and four joint ventures are planned, expected to generate ₹12,550 crore via IPOs, FPOs, or private placements.

Hotel redevelopment: The government plans redevelopment of Hotel Ashok starting FY27 and Hotel Samrat in FY30, with combined monetisation value estimated at ₹1,200 crore.

The government said the largest portion of monetisation proceeds will accrue to the Consolidated Fund of India (43%), followed by direct private investment (39%), PSU or Port Authority allocation (15%), and the State Consolidated Fund (4%).

In her address at the launch, Finance Minister Nirmala Sitharaman complimented all ministries, departments, and NITI Aayog for meeting nearly 90% of the ₹6 lakh crore target under NMP 1.0 over four years.

She said NMP 2.0 builds on this experience and aligns with the Viksit Bharat mission by mobilising resources for infrastructure while optimising government expenditure.

Monetisation will use instruments such as public-private partnership concessions, infrastructure investment trusts (InvITs), IPOs, FPOs, and private placements. Proceeds will accrue to PSUs, the Consolidated Fund, state governments, or private investors depending on the transaction.

Sector-wise, highways, ports, and power are expected to contribute the largest share, followed by railways, coal, and urban infrastructure.

Monetisation values range from ₹1,200 crore in tourism to ₹4.42 lakh crore in highways, MMLPs, and ropeways.

Sector-wise NMP 2.0 Monetisation targets (FY26–FY30, ₹ crore):

SectorTotal Monetisation Value (TMV)% of TotalHighways, MMLPs, Ropeways4,42,00026%Railways2,62,30016%Power2,76,50017%Petroleum & Natural Gas16,3001%Civil Aviation27,5002%Ports2,63,70016%Warehousing & Storage10,0001%Urban Infrastructure52,0003%Coal2,16,00013%Mines1,00,0006%Telecom4,8000.30%Tourism1,2000.10%Total16,72,300100%

The government said NMP 2.0 will unlock productive public assets, attract private investment, and accelerate infrastructure development over the next five years.Continue ReadingFirst Published: Feb 24, 2026 9:46 AM ISTTagsDivestmentGAILIPOPSU